TEXAS ECONOMIC DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,771,185
Contributions
92%
Investments
6%
Program Services
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,563,859
Salaries & Benefits
48%
Other
38%
Advertising & Promotion
8%
Depreciation
3%
Offices, Occupancy & IT
2%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,646,168
$3,482,500
-38%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$16,000
$37,000
+131%
Membership Dues
$0
$0
-
Investments
$260,325
$222,911
-14%
Other
$1,499
$28,774
+1820%
Total Revenues
$5,923,992
$3,771,185
-36%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,480,952
$2,177,633
+47%
Fees to Service Providers
$63,782
$60,884
-5%
Advertising & Promotion
$512,376
$362,349
-29%
Offices, Occupancy & IT
$78,194
$89,325
+14%
Interest
$0
$0
-
Depreciation
$84,941
$120,692
+42%
Other
$864,950
$1,752,976
+103%
Total Expenses
$3,085,195
$4,563,859
+48%
Net income
2023
2024
Change
Net income
+$2,838,797
-$792,674
-128%
Functional Expenses
Summary
2023
2024
Change
Program
$2,260,253
$3,433,037
+52%
Admin
$509,860
$662,349
+30%
Fundraising
$315,082
$468,473
+49%
Total Expenses
$3,085,195
$4,563,859
+48%
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